Used 2021 Ford Mustang for Sale nearPeterborough, ON

How much does the 2021 Ford Mustang cost?

Prices are up 1.87% year-over-year — a sign of continued demand for this model year.

There are 173 listings available, which gives you a modest amount of inventory to compare before you buy.

Is the 2021 Ford Mustang a good car?

Yes — 4.71/5 is a strong user rating for this model year. Owners consistently praise the Mustang’s performance, its styling, and its features, and many also enjoy how fun it feels to drive. That fits the Mustang’s role as a sports car that can be an approachable daily driver or a more serious performance choice, depending on the configuration you want. With 34.1% of listings marked as good or great deals, you still have some room to shop carefully.

Is the 2021 Ford Mustang reliable?

Owners rate it 4.71/5, a strong signal of long-term satisfaction.

User feedback points to a car that many owners enjoy and trust over time, with praise centred on performance, looks, and the overall driving experience. That said, used buyers should still inspect service records closely and budget for a careful pre-purchase check, especially if the car has seen hard use or has a higher-performance setup.

Is now a good time to buy a used 2021 Ford Mustang?

This looks like a moderate, selective buyer’s market, so you can shop with some leverage if you stay patient.

• Deal availability: 34.1% of listings are priced as good or great deals.
• Inventory: There are 173 listings available.
• Price trend: Prices are up 1.87% year-over-year.

If you find a listing below $39,254 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2021 Ford Mustang's resale value?

The current average of $42,809 CAD sits slightly above last year's $42,024 CAD.

That upward move suggests the market has held up well for this model year, which is a positive sign if you plan to sell later. A stable-to-rising price trend can help protect your equity, especially if you buy near the lower end of the range. Strong demand also tends to support resale when a car has broad appeal and a loyal following.

Vehicles with strong owner satisfaction ratings, like this model year's 4.71/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2021 Ford Mustang or consider a different year?

If you're weighing the 2021 against nearby model years, here's how to think about it:

Choose the 2021 if:

• 34.1% of listings are priced as good or great deals.
• Price trend: Prices are up 1.87% year-over-year.
• Owners rate it 4.71/5 — a strong satisfaction signal.

Consider the 2020 if:

• At $35,446 CAD, the 2020 costs less than the current year's $42,809 CAD average.
• It offers strong value for performance-focused buyers.

The bottom line:
Choose the 2021 if you want the stronger current-market benchmark and are comfortable paying more for a well-liked model year. If you’re more price-sensitive, the 2020 is the better path because it delivers the Mustang experience at a lower entry cost.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.